Kontrol Technologies Corp N.KNR

Alternate Symbol(s): KNRLF

Utilities Software - Application Utilities - Independent Power Producers

Kontrol Technologies Corp. is a provider of energy management, continuous air quality and emission solutions to commercial and industrial consumers. It delivers building intelligence through the Internet of things (IoT), software and cloud technology as well as project integration. Its smart technology is deployed to customers through a cloud-based interface accessible on desktops and mobile devices. It collects real-time and historical data using IoT sensors and direct connection to industrial control systems, bringing various sources of asset performance data into the cloud where smart-learning software is applied to optimize performance. The Company, through CEM Specialties Inc., offers turn-key emission monitoring equipment, integration design, manufacturing, service, repairs, and on-site performance certification testing. It offers building heating, ventilation, and air conditioning integration, automation and retrofits to enhance the energy efficiency of buildings and facilities.

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Kontrol Technologies Corp > Corporate Update: December another record month

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Post by wilanderon Dec 28, 2021 8:32am

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Post# 34265107

Corporate Update: December another record month

Kontrol Technologies Provides Corporate Update

Achieves Monthly Record Issued Request for Quotations in December 2021

Provides Key Strategic Initiatives for 2022

Toronto, ON, December 28, 2021 - Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart buildings and cities through IoT, Cloud and SaaS technology, today provided a corporate update on its operations and strategic initiatives.

Request for Quotations

In December 2021, the Company issued a monthly record of approximately $23 million in new request for quotations, driven by continued growth across its operating platform. Kontrol is currently quoting more than $35 million in new potential revenue opportunities.

“We continue to expand opportunities within our existing customer base while working diligently to scale into additional markets with new customers,” said Paul Ghezzi, CEO of Kontrol Technologies. “Achieving a record month of quotations positions Kontrol for a continuation of substantial growth into 2022. Our core focus on sustainability, energy conservation, and greenhouse gas emission reduction are key drivers of our operating platform’s expansion.”

Kontrol provides request for quotations on an ongoing basis across its customer base. A request for quotation does not always result in a revenue generating project or opportunity. Historically, the Company has been able to convert more than 2/3^rd of its request for quotations into revenue generating opportunities.

Key Strategic Initiatives for 2022

Following a year of record growth in 2021, Kontrol is focused on a number of key strategic initiatives for 2022 including but not limited to:

Uplisting to a major US stock exchange
Acceleration of Kontrol BioCloud through key distribution partners
Continued expansion of the Company’s energy management technology platform across North American markets
Leadership in ESG initiatives and reporting
Continued strong organic growth within its existing markets through its cross-selling platform